Petroleum Coke Market Overview:

Global Petroleum Coke Market was valued at $16,680 million in 2016, and is expected to reach $29,648 million by 2023, registering a CAGR of 8.6% during the forecast period 2017-2023. Petroleum coke is the final solid material that is derived from oil refining, and is available in two forms, fuel grade and calcined grade. It is used in various industries such as power generation, construction, aluminum & other metals, and others. Asia-Pacific dominated the global petroleum coke market with more than half share in 2016.

Growth in supply of heavy oils across the globe and development in cement and power generation industry are expected to drive the growth of the global petroleum coke market during the forecast period. Rise in production of steel owing to development in railways, highway construction, automobiles, and transportation segments has complemented the growth of petroleum coke market. As petroleum coke has a relatively low ash content and minimal toxicity, it is used on a large scale in various industries. However, stringent environmental regulations towards the use of petroleum coke due to its high sulfur content is anticipated to hamper the growth of the market during the forecast period.

Segment Review

The global petroleum coke market is segmented based on type and application. On the basis of type, the market is bifurcated into fuel grade and calcined grade. Applications covered in the study include aluminum & other metals, cement, storage, steel, power, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top Investment Pockets

In 2016, aluminum & other metals segment accounted for the major share in global petroleum coke market. The power segment accounted for approximately 18% share in the global market in 2016. In terms of value, these applications accounted for more than three-fifths share in the overall market.

The aluminum & other metals segment is the top investment pocket in the petroleum coke market, owing to use of aluminum as a carbon and energy source to create fuel for generation of electricity to fire cement kilns. In addition, petroleum coke offers added advantages such as safe handling, transportation, and storage with lox toxicity. Hence, the demand for petroleum coke is anticipated to augment in metallurgical applications in the near future.

Asia-pacific Petroleum Coke Market

Adoption of petroleum coke is expected to rise in Asia-Pacific, owing to growth in demand for energy, increase in supply of heavy oils, and stable economic growth. Emerging markets, such as China and India, are expected to show the highest increase in demand for petroleum coke during the forecast period, owing to rapid industrialization. The use of petroleum coke as a source for electricity generation is expected to drive the market growth in the near future.

This report provides an extensive analysis of the current trends and future estimations in the global petroleum coke market.

In-depth analysis of the industry is conducted through market estimations of key segments for the period 2017 to 2023.

Strategies adopted by leading manufacturers and distributors of petroleum coke helps understand the competitive scenario across geographies.

Comprehensive analysis of factors that drive and restrain the growth of the market is provided in the report.

Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.

The key players are profiled along with their strategies to determine the competitive outlook of the market.

Petroleum Coke Market Key Segments:

By Type

Fuel Grade

Calcined Coke

By Application

Aluminum & Other Metals

Cement

Storage

Steel

Power

Others

By Geography

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Spain

Italy

Rest of Europe

Asia-Pacific

China

Japan

India

Korea

Australia

Rest of Asia-Pacific

LAMEA

Brazil

KSA

Rest of LAMEA

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Petroleum coke is a by-product of the oil refining process. Fuel grade petroleum coke is used on a large scale in cement kilns and power plants owing to its benefits such as high calorific value, low ash content, and low cost. Growth in demand for energy sources is anticipated to drive the growth of the global petroleum coke market during the forecast period.

The major importers of petroleum coke include Asia-Pacific and Europe. Emerging economies such as China and India account for a large share in petroleum coke market. Petroleum coke is majorly used in cement kilns and power plants in these countries. In China, significant share of the petroleum coke is used in electricity generation in power plants. The growth of the petroleum coke market is driven by rapid industrialization in India and China. In terms of volume, Asia-Pacific emerged as the most dominating market for petroleum coke.

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